Y Intercept Hong Kong Ltd Takes Position in Barrick Mining Corporation $B

Y Intercept Hong Kong Ltd purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 116,735 shares of the gold and copper producer’s stock, valued at approximately $3,825,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Barrick Mining during the 2nd quarter worth $1,771,000. Farther Finance Advisors LLC acquired a new position in shares of Barrick Mining during the 2nd quarter worth about $215,000. AdvisorNet Financial Inc acquired a new position in shares of Barrick Mining during the 2nd quarter worth about $39,000. Fifth Third Bancorp purchased a new position in shares of Barrick Mining in the 2nd quarter valued at about $132,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Barrick Mining during the 2nd quarter worth about $7,657,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

B has been the topic of a number of research analyst reports. Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price objective on shares of Barrick Mining in a research note on Sunday, December 7th. TD Securities lifted their target price on Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Scotiabank raised Barrick Mining from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $46.91.

Barrick Mining Trading Up 3.6%

NYSE:B opened at $51.04 on Monday. Barrick Mining Corporation has a 12-month low of $15.70 and a 12-month high of $51.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The business has a 50 day simple moving average of $43.98 and a 200 day simple moving average of $34.00. The firm has a market capitalization of $85.50 billion, a P/E ratio of 24.65, a P/E/G ratio of 0.44 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Equities research analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.175 dividend. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a yield of 1.4%. Barrick Mining’s dividend payout ratio is currently 33.82%.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.